Fintech, Regtech and Impacts on In-House Legal Departments

Andrea Brancatelli, Senior Legal Counsel, MoneyGram International Inc, Italy

“Fintech” is the acronym for financial-technology. Innovation is strongly changing the finance sector and such changes affect also the legal environment. On one hand, lawyers are asked to provide legal support on fintech that is a new topic and, on the other side, the legal environment is using technology more and more often to comply with regulatory fulfilments, and this is a part of fintech known as “Regtech”. In this article we will walk through fintech and regtech, focusing on most impacting changes for in-house legal departments. Fintech has become popular also as a consequence of the recent coming into effect of the Second Payment Services Directive (so called “PSD2”) that has changed the payment service market, which is a sector growing in innovation and technology therefore substantially impacted by fintech. Also other financial sectors have been impacted by technology however are still waiting for the relevant fintech regulation. Regtech is a segment of fintech, however, not as well-known as fintech notwithstanding in certain countries is fast growing. In particular, through regtech, technology is used and applied by the legal world (in-house, outside counsel, regulators) to manage regulatory risks and also to improve day to day activities, standardize documents/processes, upgrade document storage, reduce low quality work. In-house legal departments are currently facing various challenges connected to fintech and regtech and are asked to take key steps in order to create a higher value proposition for the business and for customers.

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Italy Regulation Banking & Finance March 2018 Vol.11, No. 42, Winter 2018

Andrea Brancatelli


Andrea Brancatelli, is currently based in Rome and responsible for all legal matters of MoneyGram within Southern Europe, which includes 19 countries. Previously Andrea Brancatelli worked in General Electric, in Milan, where he acted as Senior Legal Counsel for the “Capital” division of GE. His first in-house experience was in 2009, when he entered LSE-Borsa Italiana S.p.A. to follow the integration with London Stock Exchange Group. From 2006 to 2011 Andrea was Senior Associate of the Law Firm Gianni, Origoni, Grippo, Cappelli & Partners, within the Corporate and M&A department. At the beginning of his career he worked with the Law Firm CMS Italy - Adonnino Ascoli & Cavasola Scamoni, in the fields of employment law, banking, corporate and M&A. Andrea Brancatelli holds a Law Degree from the University of Rome, is admitted to Bar since 2006 and is author of various publications on fintech and international law. Andrea appears in the 2017 GC Legal 500 Powerlist and was shortlisted for the 2014 “Emerging In-house Counsel” by Top Legal.

MoneyGram International Inc


MoneyGram is a global provider of innovative money transfer services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, MoneyGram connects consumers any way that is convenient for them. MoneyGram services, available in 200 countries and territories and in approximately 350,000 locations, are trusted by tens of millions of consumers across the globe.

Italy Regulation Banking & Finance March 2018 Vol.11, No. 42, Winter 2018

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